KLCM Advisors Inc. Has $14.55 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

KLCM Advisors Inc. decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 824,781 shares of the pipeline company's stock after selling 413,101 shares during the quarter. Kinder Morgan accounts for approximately 2.2% of KLCM Advisors Inc.'s holdings, making the stock its 15th biggest position. KLCM Advisors Inc.'s holdings in Kinder Morgan were worth $14,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the third quarter valued at about $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan in the third quarter valued at about $26,000. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan in the second quarter valued at about $29,000. Activest Wealth Management purchased a new position in Kinder Morgan in the fourth quarter valued at about $30,000. Finally, OFI Invest Asset Management purchased a new position in Kinder Morgan in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMI shares. Truist Financial reissued a "hold" rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered Kinder Morgan from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.20.

Kinder Morgan Stock Up 0.4 %

NYSE KMI traded up $0.07 during trading on Wednesday, hitting $17.76. 12,949,792 shares of the company traded hands, compared to its average volume of 13,968,672. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.72. The business has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $17.36. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $39.42 billion, a P/E ratio of 16.60, a PEG ratio of 5.03 and a beta of 0.90.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm's revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.